New HMO Mortgage Rates & Multi Unit Block Interest Only Criteria

Enable Finance are delighted to announce new HMO mortgage rates for House of Multiple Occupation, Multi-Unit Blocks, student lets with more than 8 rooms and other specialist buy to let properties for professional buy to let landlords. These products offer landlords looking a fantastic opportunity to grow their HMO and student let portfolios without being constrained by room numbers or their business strategy to take interest only loan products.

Loan SizeRate65% LTV75% LTV85% LTV
£100,000+3 month LIBOR (0.75%) +3.45%3.60% 4.25%*†

* Maximum loan amount £1,000,000.
† Maximum 75% LTV for HMOs with more than 8 rooms
3 month LIBOR is subject to a minimum rate of 0.75%

HMO Mortgage & Re-mortgage Criteria

million plus hmo mortgages

0.50% Fee reduction for loans above £1 million

rental cover from 125%

Rental Cover Requirements from 125%

small HMO mortgages

Standard Property

  • Single dwellings.
  • HMO/multi/student lets with up to 5 rooms.
  • Freehold blocks/titles of land with up to 4 residential units.

interest only HMO

Interest Only Available

Normal rates apply if interest only period is 10 years or less. If interest only period exceeds 10 years, 0.5% rate increase applies

fixed rate HMO mortgages

3 & 5 Year Fixed Rates Available

limited company buy to let

Eligible Applicants

  •  Individuals or Limited Companies,
  • LLPs, & Partnerships,
  • Trusts and Pension Schemes.

HMO mortgage

Specialist Property

  • HMO with 8 or more rooms & Multi Unit Blocks
  • Student Lets with 6 or more rooms.
  • Freehold blocks/titles of land with 5 or more residential units

HMO mortgages up to 30 years

Term 2-30 years

Enable Finance are national specialist commercial finance brokers with access to over 120 lenders, including crowdfunding platforms, Peer 2 Peers lenders and challenger banks. This means our buy to let investors and specialist student let providers have mortgage products to help them grow and develop their business.

Enable Finance are Headquartered in Sheffield which has 2 universities within the City along with NHS teaching hospitals so we know a thing or two about HMO mortgages and funding student let properties. For more information about HMO licencing click the link provided.

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